Axalta Coating Systems Ltd (NASDAQ:AXTA) had its price target boosted by Credit Suisse Group from $33.00 to $37.00 in a report released on Monday morning. The brokerage currently has an outperform rating on the specialty chemicals company’s stock.

A number of other equities analysts have also recently issued reports on AXTA. Royal Bank Of Canada reissued a buy rating and set a $37.00 price objective on shares of Axalta Coating Systems in a research report on Friday, July 14th. Susquehanna Bancshares Inc started coverage on shares of Axalta Coating Systems in a research report on Tuesday, July 18th. They set a neutral rating and a $37.00 price objective on the stock. BidaskClub cut shares of Axalta Coating Systems from a hold rating to a sell rating in a research report on Thursday, July 27th. Barclays PLC reissued an equal weight rating and set a $33.00 price objective (down previously from $34.00) on shares of Axalta Coating Systems in a research report on Friday, August 4th. Finally, TheStreet cut shares of Axalta Coating Systems from a b rating to a c rating in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $33.87.

Axalta Coating Systems (NASDAQ AXTA) traded up $0.26 during mid-day trading on Monday, hitting $33.06. 2,296,665 shares of the stock were exchanged, compared to its average volume of 3,620,000. Axalta Coating Systems has a one year low of $24.56 and a one year high of $34.47.

Axalta Coating Systems (NASDAQ:AXTA) last released its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Axalta Coating Systems had a negative net margin of 1.73% and a negative return on equity of 6.61%. The business’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.33 EPS.

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In other Axalta Coating Systems news, SVP Michael A. Cash sold 34,874 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $30.00, for a total value of $1,046,220.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven R. Markevich sold 160,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $29.37, for a total transaction of $4,699,200.00. Following the completion of the sale, the executive vice president now owns 280,377 shares of the company’s stock, valued at approximately $8,234,672.49. The disclosure for this sale can be found here. Insiders sold a total of 195,774 shares of company stock worth $5,771,898 in the last 90 days.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in Axalta Coating Systems by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 18,161,002 shares of the specialty chemicals company’s stock valued at $581,878,000 after buying an additional 660,223 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Axalta Coating Systems by 3.1% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 10,292,166 shares of the specialty chemicals company’s stock valued at $297,649,000 after buying an additional 308,016 shares during the last quarter. Davis Selected Advisers increased its stake in Axalta Coating Systems by 7.9% in the 2nd quarter. Davis Selected Advisers now owns 7,228,390 shares of the specialty chemicals company’s stock valued at $231,598,000 after buying an additional 528,794 shares during the last quarter. Timucuan Asset Management Inc. FL increased its stake in Axalta Coating Systems by 1.0% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 3,743,877 shares of the specialty chemicals company’s stock valued at $119,954,000 after buying an additional 36,234 shares during the last quarter. Finally, State Street Corp increased its stake in Axalta Coating Systems by 11.2% in the 2nd quarter. State Street Corp now owns 3,642,670 shares of the specialty chemicals company’s stock valued at $116,710,000 after buying an additional 365,915 shares during the last quarter.

About Axalta Coating Systems

Axalta Coating Systems Ltd. is a holding company. The Company is a manufacturer, marketer and distributor of coatings systems primarily serving the transportation industry. The Company’s segments include Performance Coatings and Transportation Coatings. Through its Performance Coatings segment, the Company provides liquid and powder coatings solutions to a fragmented and local customer base.

Analyst Recommendations for Axalta Coating Systems (NASDAQ:AXTA)

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